GHP Investment Advisors Inc. continued to hold its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,322 shares of the software maker’s stock at the end of the first quarter. GHP Investment Advisors Inc.’s holdings in Manhattan Associates were worth $1,370,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Manhattan Associates by 76.8% in the third quarter. Morgan Stanley now owns 517,733 shares of the software maker’s stock valued at $29,833,000 after buying an additional 224,871 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Manhattan Associates by 12.3% in the third quarter. Pacer Advisors Inc. now owns 5,606 shares of the software maker’s stock valued at $323,000 after buying an additional 612 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Manhattan Associates by 0.9% in the third quarter. California State Teachers Retirement System now owns 152,918 shares of the software maker’s stock valued at $8,811,000 after buying an additional 1,300 shares in the last quarter. NorthCoast Asset Management LLC bought a new position in shares of Manhattan Associates during the third quarter valued at about $11,088,000. Finally, HMS Capital Management LLC bought a new position in shares of Manhattan Associates during the third quarter valued at about $880,000. 99.68% of the stock is owned by institutional investors and hedge funds.
Manhattan Associates, Inc. (NASDAQ:MANH) traded up 1.28% on Friday, hitting $47.50. The stock had a trading volume of 607,273 shares. The company has a market cap of $3.30 billion, a P/E ratio of 27.27 and a beta of 1.13. The stock’s 50-day moving average is $47.69 and its 200-day moving average is $50.38. Manhattan Associates, Inc. has a 52-week low of $44.83 and a 52-week high of $68.53.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Thursday, April 20th. The software maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $143.49 million during the quarter, compared to the consensus estimate of $146.49 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 70.51%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. Analysts expect that Manhattan Associates, Inc. will post $1.90 earnings per share for the current year.
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MANH has been the subject of several research analyst reports. Zacks Investment Research raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Benchmark Co. lowered their price objective on Manhattan Associates from $71.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 1st.
Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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